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speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries members of the conference irrespective of the cliff created, again, by a bad deeing in august 20 # 11 that the american people said don't raise the ceiling, washington raised it, cut spending in the future. that sounds awfully familiar from the white house and out of the speaker and the majority leaders as well. tracy: do you have anied what's -- whatever boehner presented to the white house tonight, do you have any idea what's in the compromise? >> none whatsoever, no details gimp to us, again, undecled cuts, but what i can be certain about, an
speaker john boehner has to be re-elected. if he does sort of curve to the left and finds his way down the middle, he can almost guarantee he's re-elected; right? >> well, he has to earn the trust of republicans, particularly conservative republicans. if he brings it through and pushes it through, that ruins the republican brand forever. we barely convinced the american people we're against tax increases, but if they pass a tax increases, we're on the road to the minority. that worries...
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tracy: have you seen latest proposal that john boehner gave to the white house yesterday? >> i have not, but i know general outlines, and i do not see movement on real spending cut. certainly not the entitlement reforms we're all hoping for. tracy: what happens then, we go over the cliff. everyone goes in a panic mode. in 't a lot of -- understand that a lot of things will be retro active to january 1st but particular reek havoc on the economy. >> the economy is flying low and slow, turbulence from the congress and the president does not make sense, seems we should come together now, well before the holidays, reself the issue, and i think that a clean credible bridge into next year, that extends tax rates, and sets a firm deadline for fundamental reform, and entitlement reform and addresses some automatic spending cuts, seems that is a reasonable solution. tracy: again, every saying we're miles apartment what do you think it will take to get us there, are the republicans going to have to concede a little? >> i think we have in the issue of tax revenue. which we think econo
tracy: have you seen latest proposal that john boehner gave to the white house yesterday? >> i have not, but i know general outlines, and i do not see movement on real spending cut. certainly not the entitlement reforms we're all hoping for. tracy: what happens then, we go over the cliff. everyone goes in a panic mode. in 't a lot of -- understand that a lot of things will be retro active to january 1st but particular reek havoc on the economy. >> the economy is flying low and slow,...
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lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorrow, fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them. an over confident president perhaps? republicans, self esteem issues and a reserves house speaker, the a-team will bring a little piece to it all, next. lou: the mainstream liberal media, choosing to ignore another story that may portray the left wing coalition, in this country in the negative light. if you were watching the big three networks you would not3 know about the assault. i don't top use the word violence, abc, and cbs and nbc all covered the right-to-work protests, only one hinted there may have been physicality. >> they voice anger. >> protester swarm the g
lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorrow, fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them....
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tracy: speaker john boehner left the white house. we just heard this news. the party is being left out, is an agreement we have three of the four house republicans that we talk to. they have not known what has been talked about and they may not know what happened today. >> the key leadership and leaders in the senate and house, they know what is being discussed. they are actually trying to prevent leaking this information. a deal is only as good as it is with both parties. speaker boehner thought he had a deal with the president and the president consults his own leadership. >> that is fair. the president said the republicans have resisted raising taxes on the rich. they have a philosophical process with raising taxes. are they eventually going to have to give in on that? >> it depends what you are definition of riches. we have and believe that republicans, $250,000 is not rich in america today. the question will come down to what you get into return? i like to think of it as small claims court. if everyone goes away happy, the deal is probably good. speaker
tracy: speaker john boehner left the white house. we just heard this news. the party is being left out, is an agreement we have three of the four house republicans that we talk to. they have not known what has been talked about and they may not know what happened today. >> the key leadership and leaders in the senate and house, they know what is being discussed. they are actually trying to prevent leaking this information. a deal is only as good as it is with both parties. speaker boehner...
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its state legislature did pass the bill, but outgoing democratic governor john lynch veed it. the president's public support of unions today poorly timed for another reason. chrysler's management forced to bow to the united autoworker union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. rysler's spokesman said the company was forced to respect a union arbitrator's desion. and while the president was in michigan, reports that a chinese auto parts company has purchased bankrupt a123 systems, a batte maker that received more than half of a $250 million taxpayer-funded obama stimulus grant. a123 systems was once heralded by energy secretary steven chu as a success story for amerin manufacturing. the green battery maker blaming weak demand for electric cars for their failure. china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much b
its state legislature did pass the bill, but outgoing democratic governor john lynch veed it. the president's public support of unions today poorly timed for another reason. chrysler's management forced to bow to the united autoworker union as the company rehired 13 employees who had been caught drinking alcohol and smoking marijuana while on the job. rysler's spokesman said the company was forced to respect a union arbitrator's desion. and while the president was in michigan, reports that a...
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we could really pinpoint this to speaker john boehner speaking at 11:30 a.m. and the traders must have believed there isn't a deal and this is not baked into the cake we will have a deal before the end of the year. >> this market is all about what have you done for me lately and if you look at the chart can be considered a way it angled lower and lower after coming out of washington but hit rewind, go back to yesterday and the day before, the market reacted positively, so it shows us how sensitive the market is right now and clearly we are running out of time. tomorrow is friday. we have a full week next week but that is the last full week of the year. we're talking about the fiscal cliff running out of time, so different factors people are trying to play the end of the year trade. we're getting down to the end of things now. liz: what were they buying today, what were they selling? >> a follow-up from what we have seen in the past and what we think we will see in the future. just because regulations will be a little bit more transparent coming forward and the
we could really pinpoint this to speaker john boehner speaking at 11:30 a.m. and the traders must have believed there isn't a deal and this is not baked into the cake we will have a deal before the end of the year. >> this market is all about what have you done for me lately and if you look at the chart can be considered a way it angled lower and lower after coming out of washington but hit rewind, go back to yesterday and the day before, the market reacted positively, so it shows us how...
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john silvia, wells fargo managing director and chief economist, john, thanks so much. appreciate it. >> thank you, david. liz: he will be prominently mentioned in those books. david: i think he will. liz: there is growing division between big businesses and small businesses when it comes to personal tax hikes. next off to d.c. for a look who is actually saying they should go up and why and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these deals all seem great at the me... but later... [ shirt ] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save oground shipping at fedex office. liz: the battle nside the beltway over individual tax rates is beginning to trigger a big business versus small busy business tax war. david: whole david and goliath thing going on. peter barnes from the beltway with more. peter. >> david, liz, that's right. you can bet this will be a topic of discussion when speaker boehner and president obama meet in the next
john silvia, wells fargo managing director and chief economist, john, thanks so much. appreciate it. >> thank you, david. liz: he will be prominently mentioned in those books. david: i think he will. liz: there is growing division between big businesses and small businesses when it comes to personal tax hikes. next off to d.c. for a look who is actually saying they should go up and why and we can save you 10% on ground shipping over the ups store. look this isn't my first christmas. these...
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lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorro fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them. an over confident president perhaps? republicans, self esteem issues and a reserves house speaker, ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. heartburn symptoms causedelieve by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrh
lou: john cruz thank you, we wish you the best of luck. >> thank you. lou: up next, unions supporting, protesters, and some of them a few of them resort to i think that is physical is that a left cross? something you might have missed if you were not watching fox news, that story is next. and coming up tomorro fox news, politics digital politic senator chris stirewalt, former u.s. ambassador to united nations, john bolton, and monica crowley among our guests you don't want to miss them....
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charles: the murder suspect john mcafee is on the run. we are following this next you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a ottive barrier that helps block stomach acid from splashingp- relieving the pain quickly. try fast, long lasting gaviscon®. charles: the suspected murder john mcafee is on the run in central america. lauren antonetti is here with the details. >> it is better than most books. john mcafee used to live in belize. they say if you've been to belize, it is unbelievable. that is exactly what this story is. let's take you to the details. it started on november 9. that is one for of 11 dogs were poisoned. mcafee later shot them to put them out of their misery. lo and behold, his neighbor shot [inaudible] in the head and died. that is when he left believes. he spoke to reporters and he kind of new what he was doing. we found a picture of him earlier this week on the third of december. he was in guatemala. it was taken there. he denied that'
charles: the murder suspect john mcafee is on the run. we are following this next you know how painful heartburn can be. for fast, long lasting relief, use doctor recommended gaviscon®. only gaviscon® forms a ottive barrier that helps block stomach acid from splashingp- relieving the pain quickly. try fast, long lasting gaviscon®. charles: the suspected murder john mcafee is on the run in central america. lauren antonetti is here with the details. >> it is better than most books. john...
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you think that john boehner is making a mistake by rejecting tea party? i think the speaker makes a mistake and the tea party is not a group that embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance to the party leadership. i understand the speaker being annoyed when he has people within his caucus that are committed to a set of principles that they make it hard for him to make easy deals. but i would also remind him that people are not going to forsake their principles for something thats as insignificant and their life as a committee assignment remark that is right. >> if he thinks this is a party discipline, he is sadly mistaken. he often knows that from his own experience as a younger time in his service in congress. charles: representative, it has been set
you think that john boehner is making a mistake by rejecting tea party? i think the speaker makes a mistake and the tea party is not a group that embraces serious tangible of government that is traditionally work in this country. there are members of congress who got elected because, in fact, the tea party activists across the country were involved in the election. the tea partiers and outsiders -- i would remind john boehner that there was a time when he was the outsider that was an annoyance...
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i appla like charlie gasperino barack obama's success, john boehner's success, came in hume beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> sure, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dages point we have it in us, but we haven't shown it? >> the lmakers in washington don't, they're a bunch of gutless weasels who don't-- >> that language there. >> furthermore it's not productive language. well, they're not productive, and criticizing me for calling them gutless when that's exactly what they are. >> i'm trying to draw a distinction between-- >> come on. the gutle weasels on the one hand and not doing a good enough job on the other nd, let's cheer them on and say we honor your service, now, do a better job. >> yeah i got cheered when i didn'tnloadhe dishwasher when i was a kid instead sent to the corner and sit there r th
i appla like charlie gasperino barack obama's success, john boehner's success, came in hume beginnings, but neither one of us are doing us a favor. neither one of them are deserving of hero worship in a country falling apart. >> i didn't think we should be hero worshipping the president, what i said he's an admirable man that did great things. >> sure, absolutely. >> in this country. i don't agree with his agenda. >> you argue that we haven't lost, to dages point we have...
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house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer on the table. republicans called it a joke. house republicans put a offer on the table. white house said it wasn't serious. since then the two sides have not moved that much closer to one another. the white house wants immediate tax increase on families earning more than $250,000 through a tax rate increase. for republicans they want more detailed spending cut plan out of the white house before they agree to any revenue increases. that impasse has continued. when you talk about how this is going to game out, at least what you're timing is on this, sandra, you have to
house speaker john boehner left the capitol building about 10 minutes ago. he will motorcade over here. he should be here in a short while to begin yet another meeting with president obama. the two had a phone call earlier this week. on the phone the house speaker said they made little progress. aides say over the last few weeks there has been little discussion, constructive discussion moving towards a compromise. this is yet another attempt to get something moving. the white house put an offer...
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again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not have known all these things back then. charles: hind sight is 2020. what he may be prepared to accept now and what it was then. connell: the president called him up that day. we were actually down in d.c. that day. we thought there was going to be a deal. apparently, behind-the-scenes, the president was saying no. i need the more revenue. the speaker said, forget about it. charles: also, there is a lot of anxiety within the republican party. and lot of conservatives are newer breed. the tea party breed. despite what the media says, the tea party presented a major challenge. it was a s
again, we are waiting for speaker john boehner. i mentioned a moment ago that the speakership and job is on the line. he will come out, rich erickson was telling us, the missing ingredient is the spending cuts. the president has not been serious. where do you think we are in all of this? charles: this whole thing came about because of the debt ceiling compromise. now it feels like that entire thing has been flip-flopped. connell: i guess you would not have known all these things back then....
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. >> the president met with speaker john boehner yesterday. not discussing any details of the conversations, just saying as you said at the top, lines of communications are open. also talking to senate majority leader harry reid today as well. everybody is talking but we don't have a deal yet. tracy: is anybody talking about spending or entitlements, peter? >> they're making it pretty clear. one statement we got from speaker john boehner's office today was that the republicans continue to wait for the president to make specific proposals for cutting spending.3 that is what they want. tracy: we don't sound any closer to me, but again i am skeptical. down in d.c. >> great, thanks. traay: the president is going to @ompromise as peter just said. what are republicans willing to compromise on. we have got to ask mike lee of utah. i am sorry i am so skeptical. 58% of americans don't think we will reach a deal. where do you feel about this right now? >> it is difficult to predict at this point. i don't think anybody wan wantso go off a cliff except th
. >> the president met with speaker john boehner yesterday. not discussing any details of the conversations, just saying as you said at the top, lines of communications are open. also talking to senate majority leader harry reid today as well. everybody is talking but we don't have a deal yet. tracy: is anybody talking about spending or entitlements, peter? >> they're making it pretty clear. one statement we got from speaker john boehner's office today was that the republicans...
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neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a serious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfare state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: you know, senator, a pleasure knowing you, i always gauge viewer interest
neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a serious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfare...
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just being honest about john. he ii a great politician. he comes from the other party. he is exactly right when he says the only thing that the debt ceiling is good for is destroying your credit rating. i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggest that they will type negotiations to that feeling both and take us to the brink of default onne again, as part of a budget to go she asian, which, by the way, we have never done in our history, until we did it last year, i will not play that game. with that, let me just say, we have one path where we resolve this fairly quickly. we have some tough spending cuts. we have modest revenue increases. you get business certainty. you do what you do best. and, we then have an open running world next year to deal with a whole host of other issues like infrastructure, tax reform and immigration reform that will further make america and competitive. that is one option. the other option is to engage i
just being honest about john. he ii a great politician. he comes from the other party. he is exactly right when he says the only thing that the debt ceiling is good for is destroying your credit rating. i want to send a very clear message to people here. we are not going to play that game next year. if congress in any way suggest that they will type negotiations to that feeling both and take us to the brink of default onne again, as part of a budget to go she asian, which, by the way, we have...
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will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. darden said it might cut hours for some workers in order to avoid having to provide health insurance for them under obamacare. and a rift in the liberal media because of that. it might be a stretch in my opinion and maybe a stretch people saying they'll stop going to restaurants because of it. and a debate on that. darden, obamacare later in the hour. and breaking news from citigroup, too, it's cutting 11,000 jobs, it calls it part of its repositioning. it says it will save a billion dollars a year and the stock is going to be up at the opening bell. hope for the best, but plan for the worst. that's what companies are doing. more than 200 of them are getting ready for the expected dividend tax like next year by paying dividends now. we'll talk about it, call it the t
will john boehner try to move the line that the president has drawn? we will have it for you live here on "varney & company" starting around ten o'clock eastern. then we have darden restaurants, the parent of olive garden, red lobster. it says its businesses could be hurt by bad publicity. darden said it might cut hours for some workers in order to avoid having to provide health insurance for them under obamacare. and a rift in the liberal media because of that. it might be a...
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john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped ma term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear about, particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time, the company will opt to contribute a lump-sum payment once per year. this may not sound like a big change, but the move undermines the very idea of reirement savings. look, the attraction of a fox business is the idea that you leveled out what you pay for in investments over time. stock prices go up, they go down, but over time you average out your risks and your cost. i call it dollar cost averaging. but with ibm's new plan, the advantage of its lead disaears. this would not be such a big deal, but ibm is considered a leader in employee you benefits. the company beli
john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped ma term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. ♪ gerri: there is the story out there not getting a lot of attention today that you need to hear about, particularly if you care about your retirement. ibm overhauling its retirement program. instead of contributing to its employees 401(k) over time, the...
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just 28% thinks he sides with the likes of john boehner and company. only 11% would admit to being naughty. he is kind of like, you know, he is out there. connell: do not say anything negative about santa claus. somebody will be bringing coal to the democrats and republicans in congress this year. dagen: neil cavuto is here now. the sides are still so divided. based on the talks that you had. lou: they are not talking warm and fuzzy. there was sort of like a quiet. yesterday. boehner came to the microphone to express his frustration with the process. then nancy pelosi came out and said, look, where have you been john boehner. they went back to jawboning and that is never constructive. when you are ripping each other in public, there is no way you could be doing much in private. connell: i keep waiting for them to wake up and there be a big bargain. to the republican path of leverage to get the spending cuts. gerri: they will offer the tax hikes and they will say we offered the tax hikes. they will go on record as risking a click event. they will say we
just 28% thinks he sides with the likes of john boehner and company. only 11% would admit to being naughty. he is kind of like, you know, he is out there. connell: do not say anything negative about santa claus. somebody will be bringing coal to the democrats and republicans in congress this year. dagen: neil cavuto is here now. the sides are still so divided. based on the talks that you had. lou: they are not talking warm and fuzzy. there was sort of like a quiet. yesterday. boehner came to...
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john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this nber or visit selectquote dot com. ♪ remember when ♪ ♪ the sound of little feet was music ♪ ♪ we danced to week to week ♪ brought back the love ♪ we found trust ♪ vowed we'd never give it up ♪ ♪ remember when ♪ ♪ remember when ♪ we said when we turned gray ♪ ♪ when the children ♪ grow up and move away ♪ we wot be sad ♪ we'll be glad ♪ for all the life we've had ♪ remember when gerri: did president obama break the law? a federal appeals court is deciding if the president's appointments tthe national labor relations board when the senate was on recess was unlawful. why? well, because senate senate republicans say the senate was in session. the chris was brought on by a bottling company after the nlrb ruled that the company must enter into a collective bargaining agreement with the labor union. the company isrguin
john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this nber or visit selectquote dot com. ♪ remember when ♪ ♪ the sound of little feet was music ♪ ♪ we danced to week to week ♪ brought back the love ♪ we found trust ♪ vowed we'd never give it up ♪ ♪ remember when ♪ ♪ remember when ♪ we said when we turned gray ♪ ♪...
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. ♪ john is 42. mortgage. married. two great kids. he wants to otect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquotdot com. ♪ lou: back with the a-team, and i want to turn, if i may, to george zimmerman suing nbc because of the outrageous job of editing, they did, in my opinion, outrageous, clearly, intentional. what do you think the chances of are prevailing? >> oh, damn good because nbc, says, oh, oh, the videographer, au
. ♪ john is 42. mortgage. married. two great kids. he wants to otect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred dollars a month? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for...
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what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest way to cut spending. fox business exclusive and in this our whole host of leaders in business talking about what specific they want to see. in terms of individual standouts. apple right now about 2% to the upside. some excitement over the iphone 5. how is this for a order in china. brenda marshall says china unicom has more than 300,000 people on the waiting list. nicole petallides with talk about this earlier, but that is enough to boost the stock. sales in china friday, can you imagine the lines? sec don't airlines is soaring. up nearly 6%. delta says they will buy 49% of virgin atlantic. the price
what you see is what house speaker john boehner said he is hopeful a deal will be reached, but also added the g.o.p. wants the white house to provide details on spending cuts. but in the white house wants the same thing from the g.o.p. but either way that is good enough for the market. we took off and we stayed to the upside. so far neither side has been specific on spending cuts so coming up in just one hour o ony 4:00 p.m. eastern, former treasury secretary paul o'neill says he has easiest...
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thanks for watching, i'm john stossel. ♪ ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis rport." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of americans is finding a way through this regardless of congress and the president. small-business owners in this countr are preparing to hire. join me now, chief u.s. economist for i may just pull one side. heart of america group founder, and member of the jobs creation alliance and actual job creators in this country who say their voices not being heard in this office took with debate. also with us from the weekly standard, steven haze. welcome. great to have you here. i want to start with the conversation in washington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this
thanks for watching, i'm john stossel. ♪ ♪ gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the u.s. alone, how did you find the best one? we have you covered. "welcome to "the willis rport." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trade barbs over the issue. one group of...
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we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best serve the population. gerri: the truth is the states only have so much flex ability because you have to meet your budget. the federal government doesn't. but i want to show who is in washington. it was scott walker, gary herbert, mark dayton, jack markell. all the leadership of the governors association. what kind of response did you get? we are not passing anything onto you guys. >> the president was very cordial and respectful to the governors. and we believe that we have a stake in this process, and he felt like we could offer some ideas of ways that
we had a meeting with harry reid and speaker john boehner. the executive board message was as you are dealing with tough decisions that have to be made, to make sure that we don't over the fiscal cliff, don't shift the burden downward. we understand that there is a shared sacrifice. we ask for flexibility when it comes to programs that are funded by the federal government and federal monies. we need flex ability to be able to determine what is in the best interest of our state. how we can best...
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i think not hope being it's a sunny day tomorrow and everything's rosy, but hope in the sense of john mccain hoping he gets through his vails and the prison of war camp, and, you know, being able to deal effectively with adversity. not having defeatist attitude and rising above what's going to happen no matter what. >> what do you think of the corporate lemmings following, okay, hike taxes, we're okay with it. it's like a switch or light went on or off after the election where they are all just full, full, full, go for it. >> well, i dope subscribe to that. that dog doesn't hunt in our world, and i think romney, his platform -- neil: why are they doing it? why do you think they are doing it? to get along with him? >> that get along to go along, reach some kind of compromise, but, again, it's benefiting a small cross section of business versus the majority of the entrepreneurs and franchises like our instrument and go out there and no matter what the economic situation out there, fighting, fighting the good fight. neil: finally, let's say taxes do go up, everyone is worried that we see
i think not hope being it's a sunny day tomorrow and everything's rosy, but hope in the sense of john mccain hoping he gets through his vails and the prison of war camp, and, you know, being able to deal effectively with adversity. not having defeatist attitude and rising above what's going to happen no matter what. >> what do you think of the corporate lemmings following, okay, hike taxes, we're okay with it. it's like a switch or light went on or off after the election where they are...
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speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and outbidding one another, we will work together and co-compete for these and work together to get these patents for both of us. something to watch. liz: not all patents are equal. they will start dealing and wheeling. >> it all looks kosher right now, but i'm sure it is not. liz: what about the flash cube patent. dennis, what about you? >> mayor bloomberg could be in for holiday shopping. bloomberg media company may want to buy the financial times. any deal more for prestige and profits. preservation down 30% in four years, 300,000. yet bloomberg is a hungry acquirer
speaker john boehner saying discussions are taking place. liz: maybe the fact they're keeping quiet may mean something is really going to happen. keep dreaming. >> does politics have to watch out what is happening in silicon valley. apple and google compete on so many different rounds. but they're actually coming together to co-compete on a bid for the patents that kodak holds. 1100 patents, half a billion dollars. they realize instead of sitting across from each other playing and...
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john shiller, chairman of energy defend one. john, thank you so much. we appreciate it. >> thank you for having us. tracy: you make a great point, saudi arabia will not be very happy about our quest for independence. ashley: that is real threat to them. tracy: big-time. is the federal reserve stimulus actually bad for investors? yeah, one major bank says yes. liz macdonald back and on the story. ashley: but first let's look at some of today's winners and losers. the dow, well, coming back a little bit off session lows down 79 points. some of the winners, best buy up 16%. is it going private? we never know. jcpenney up 4 1/2%, on the other side of the coin. we seem to talk about this one side or the other. monster beverage down almost 4%. cabot oil and gas down 3%. we'll be right back. >> it has just gone 30 past the hour. a check of the market as we do every 15 minutes. nicole. nicole: i'm here with ben willis, he and i were chatting, watching the trend, we are up now, the fourth week in a row of games. >> it is all normal. we will end up near the highs
john shiller, chairman of energy defend one. john, thank you so much. we appreciate it. >> thank you for having us. tracy: you make a great point, saudi arabia will not be very happy about our quest for independence. ashley: that is real threat to them. tracy: big-time. is the federal reserve stimulus actually bad for investors? yeah, one major bank says yes. liz macdonald back and on the story. ashley: but first let's look at some of today's winners and losers. the dow, well, coming back...
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john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline right now and there's a lot of supply of oil, you still have to worry about the concerns about the middle east heating up. going into a weekend i'm amazed we're not getting more of a rally off of that. back to you melissa and adam. melissa: that's a great point. phil flynn, thanks so much. adam: we have breaking news right now and this is of verying ford. ford is recalling 19,000 of 2013 fusion sedans for another -- this is the second recall for this vehicle according to "the wall street journal" here's the issue. it has to do with a codin
john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline...
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lou: john, your thoughts? in support of what judy said, carney, reading, as you saw there -- >> talking points, cia provided talking points. lou: saying the president worked effectively with president morsi on key issues including the gaza negotiations. that suffices to require that the president be quiet on this? >> well, it clearly crossee morsi's mind he could do what he wanted after the cease fire which is why he took that opportunity, and he's proceeding in a very methodical fashion over opposition in the streets to hold this referendum on his sharia friendly constitution on the 15th. lou: the muslim brotherhood who said would not participate in the political process, and morsi said he would not run for president, now firmly in power, and the administration is unsurprised and unwilling to respond, react, or in some kind initiative. >> well, here's the next point. it is the case that the military in egypt remains friendly to the united states. lou: i'm putting a lot less of a preview on that after what we
lou: john, your thoughts? in support of what judy said, carney, reading, as you saw there -- >> talking points, cia provided talking points. lou: saying the president worked effectively with president morsi on key issues including the gaza negotiations. that suffices to require that the president be quiet on this? >> well, it clearly crossee morsi's mind he could do what he wanted after the cease fire which is why he took that opportunity, and he's proceeding in a very methodical...
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they vote presnt and let the president and democrats on the issue or whether they free up -- whether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but you have the negotiations taking place on the one hand, and on theother hand you have negotiations on all the st of the stuff which is likely to be lumped into some kind of an omnibus bill a series of bills at the end of the year struck the last minute to bail us out of this isue. likely to include a bunch of unattractive add-ons, last minute things, and it will be the kind of agreement, the kind of negotiation that leaves the rest of america, the heartland, as you say, even more disaffected with the ways that washingt is doing business. looks like the way that washington is going to be doing business frohere forward. gerri: to you. you watch this. you must be disbelieving. the length of time these things take. very important jobs numbers and the jobless rate in down to 7%. but what is astonishing about that report
they vote presnt and let the president and democrats on the issue or whether they free up -- whether john boehner frieze of members of congress to vote for some kind of a compromise that would include a rise in rates on the wealthy. i don't know what the mechanisms will be, but you have the negotiations taking place on the one hand, and on theother hand you have negotiations on all the st of the stuff which is likely to be lumped into some kind of an omnibus bill a series of bills at the end of...
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as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop. phil: we have come down to that range several times over the last few weeks and that is when you had highest level supply out there and you didn't really have much geopolitical risk. we start to come back to that mode so we will scale back to that level before things heat up in the middle east and we have supply crunches due to the cold weather ahead of us. >> next week we have the final fit meeting of the year. the jobs report and everything we have been seeing. phil: we will see the fed continue on the same path of that they may just maturities they are going to
as soon as you see john boehner talk for obama it doesn't matter. the market seems to come off of that news. traders have got to look out if there's a joint announcement, chances are they're close to a deal, we will see the market higher. look out for that. dave: let's get off of stocks and deal with oil. we see oil slipping a bit and you see a point at which you might stop and that is $84.50. that is the point we have got to look at coming in next week as the starting point for this drop....
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to get a deal on the fiscal close. ♪ ♪ gerri: speaker john barrett today calling up the white house saying their wasting time and president obama is bringing our economy right to the edge. >> ford is yr we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge of the fiscal cliff. gerri: earlier i asked republican senator richard shelby of alabama for his take on the comments from boehner. >> i believe that saker boehner is on the right track. the president has not come uptown now, been deeply involved, that we know about , in any of these offers are counteroffers. campaigning to meet.been but he has to get involved if he wants to avoid the fiscal cliff. i think that the speaker has indicated that h will try to engage in, try to meet him and try to avoid the fiscal cleft that the presiient is going to continue to say it is my way or the highway, thats another game.
to get a deal on the fiscal close. ♪ ♪ gerri: speaker john barrett today calling up the white house saying their wasting time and president obama is bringing our economy right to the edge. >> ford is yr we offered a serious proposal based on testimony of friends that clinton's former chief of staff. since then there has been no counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to a slow walk our economy right to the edge...
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john fundd. and boston democratic strategist marianne marsh, we start with president delivering a long awaited proposal today, that was rejected by boehner, as we understand, only change was reducing total taxes from 1.6 to 1.4. speaker boehner is not cooperating and telling us what was in it. >> i think until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress, no other deals will get cut. >> john? >> the president campaigned on a balanced approach. a year or so ago, president was talking about 700 billion in taxes, now he doubled it a balanced approach, negotiation would mean you put both taxes and spending on the table. and specify, president is doing neither. this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the
john fundd. and boston democratic strategist marianne marsh, we start with president delivering a long awaited proposal today, that was rejected by boehner, as we understand, only change was reducing total taxes from 1.6 to 1.4. speaker boehner is not cooperating and telling us what was in it. >> i think until speaker boehner and the republicans agree to raise taxes on wealthiest folks there will be no deal, it will be a high stakes game of chicken during a lame duck session of congress,...
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we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top. talking about their expectations of ben bernanke. nicole: would even throw out the idea of stimulus? that helped things along pushing us along throughout this entire last six months. lori: absolutely. thank you so much, nicole petallides on the floor of the new york stock exchange. protests turn violent in lansing, michigan, as union protesters ripped down a tent belonging to right-to-work supporters. becoming the 24th right-to-work states today allowing workers to get the right to join unions. jeff flock is in lansing michigan covering
we heard from house speaker john boehner. the overall sentiment after he spoke is a few negative pieces of language in his speech that ultimately in the end he was trying to say they're trying to work it out. smooth it over, ultimately. they know a couple of trends we are seeing, technology, materiall, two areas coming under pressure recently starting to turn. europe seeing improvement helping equities along as well. lori: not sure if you mentioned the fed. we were talking about it at the top....
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tim john boehner remaining discussions are in place. david: the president said some things about a year ago that sounded like a perfect compromise. let me get your reaction. this was about a year ago. >> what they said was give us 1.2 trillion in additional revenues. which could be accomplished without hiking taxes tax rates. this could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lower rates generally by broadening the base. david: if i were to hear that today i would say there is the compromise, they did it. but that was a year ago, what happened? >> those we talke who talks ford bargain. the president is demanding 1.6 trillion in new revenues. call me crazy but sometimes politicians from both parties say one thing one time and then i sa said something different another time. different circumstances. liz: there is the sound bite. why not just do that, which is what we had. right? >> lot of analyst think that is where they will end up. david: you go ou
tim john boehner remaining discussions are in place. david: the president said some things about a year ago that sounded like a perfect compromise. let me get your reaction. this was about a year ago. >> what they said was give us 1.2 trillion in additional revenues. which could be accomplished without hiking taxes tax rates. this could simply be accomplished by eliminating loopholes, eliminating some deductions and engaging in a tax reform process that could have lower rates generally by...
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we are expected to see john boehner speak. am i wrong in assuming we did not think we will get any comments from either side? >> you are right. the issue with that is typically when you are making progress you won't hear from the principals or get any leaks and we have seen that the last couple days but we heard from john boehner friday and the president yesterday so people have been talking and there are folks around town seeing that as a negative indication and sources have told us it has been slow going in these negotiations. cheryl: rich edson. dennis: the dow losing 112, they're starting to catch wind that john boehner will say something depressing instead of hopeful. clearly betting on good news. cheryl: rich edson obviously standing by, thank you, we will take those live comments from john boehner when you guys appear on the house floor. dennis: i will go with this. even if we do avoid the fiscal cliff our next guest says a european blow up and apple topping out could be bigger holders for the market in 2013. there is g
we are expected to see john boehner speak. am i wrong in assuming we did not think we will get any comments from either side? >> you are right. the issue with that is typically when you are making progress you won't hear from the principals or get any leaks and we have seen that the last couple days but we heard from john boehner friday and the president yesterday so people have been talking and there are folks around town seeing that as a negative indication and sources have told us it...
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thanks for watching, i'm john stossel. ♪ lou: the obama administration tonight ramping up dlomatic efforts to end seer -- syris bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and there's no sign they had to reverse the support, and toda a senior lawmaker says the syria government is now incapable of functioning properly. just before the meeting with the russian foreign minister, secretary clinton insisted that the united states and russia share common goals in the region. >> trying hard to work hard with russia to stop the bloodshed in syria and begin a political transition to a post asad future the pressure against the regime in and aroundamascus seems to be increasing. lou: at home, leon pa net fa issuing the -- panetta issuinghe sharpest warning yet. >> the president of t unit
thanks for watching, i'm john stossel. ♪ lou: the obama administration tonight ramping up dlomatic efforts to end seer -- syris bloody civil war and the fear assad could use chemical weapons against his own people. the military is prepared to use poisen gas bombs, secretary of hillary clinton flew to dublin to hold a meetg with her russian counter part and u.n. enjoy to syria meeting to discuss how they would end the now 21-month long conflict in syria and how to move assad from power. and...
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democratic congressman john carney joins us with his take. our own nicole petallides is standing by on the new york stock exchange. nicole: you are seeing back-and-forth action on the dow jones industrials. they do seem to like it because basically it is the fed putting everything on a silver platter here and is giving it to the world and printing more and find more. it is doing that for an extended period. the people on wall street are saying what are they trying it to unemployment rates you saw the market selloff and now regain its footing. you do the qe forever. gold will be something that we should take a look at. the dollar is something that we have watched slipping away. it is continuing to do that. we have seen things and drugs doing well. the dow jones industrials are up they have of a percent for the sixth day in a row. people were thinking that the fed would have a very accommodative sense. one of the things that we should look at is the market is very reactionary. the truth of the matter is they are not pulling anything and they ar
democratic congressman john carney joins us with his take. our own nicole petallides is standing by on the new york stock exchange. nicole: you are seeing back-and-forth action on the dow jones industrials. they do seem to like it because basically it is the fed putting everything on a silver platter here and is giving it to the world and printing more and find more. it is doing that for an extended period. the people on wall street are saying what are they trying it to unemployment rates you...
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charles: i get to bring in john mcafee. melissa: nicole petallides on the floor of the new york stock exchange watching. nicole: we're taking a look, very carefully for a few reasons. they day they have had good business headlines for you. they plan to spin off the unit, security business. it snakes mechanical and electric locks, steel doors. they will spin it off into a new company coming from pressure from one of the shareholders to unleash the more shareholder values, this is one of the ways they're doing it. known for heating and cooling systems. don't forget th they recently raised quarterly dividends. melissa: thank you so much. lori: what can i do about using the uncertainty. we'll be joined to talk about the policy. melissa: there you can see the dow is weaker against the euro and tte pound. we will be right back. withidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calc
charles: i get to bring in john mcafee. melissa: nicole petallides on the floor of the new york stock exchange watching. nicole: we're taking a look, very carefully for a few reasons. they day they have had good business headlines for you. they plan to spin off the unit, security business. it snakes mechanical and electric locks, steel doors. they will spin it off into a new company coming from pressure from one of the shareholders to unleash the more shareholder values, this is one of the ways...